Lead Acid Battery Market

The  Stationary Lead Acid Battery market  size is expected to reach USD 65.98 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of Stationary Lead Acid Battery is due to various factors, such as cost-competitive energy storage solution and increase in renewable energy generation target. However, safety issues related to battery usage are certain restraints that are expected to affect the market revenue growth. The lead-acid batteries are a type of rechargeable battery which have relatively low energy density. Their ability to supply high surge currents means that the cells have a relatively large power-to-weight ratio. These features, along with their low cost, make them attractive for use in motor vehicles to provide high current required by starter motors. Most of the world’s lead-acid batteries are used in automobile starting, lighting, and ignition batteries. Traction batt